In a recent transaction, Winmill & Co. Inc, an affiliate of the registered investment adviser for Bexil Investment Trust (NYSE:BXSY), has purchased additional shares in the company. The transaction, dated July 16, 2024, involved the acquisition of 1,000 shares at a price of $13.12 per share, totaling $13,120.
This purchase increases Winmill & Co.'s holdings in Bexil Investment Trust to a total of 25,910 shares of beneficial interest. The transaction underscores the ongoing investment activities by corporate insiders and affiliates within the financial industry.
Investors often monitor such insider transactions as they can provide insights into the company's performance and insider perspectives on the value of the stock. The details of the transaction were disclosed in compliance with the SEC's requirements, providing transparency into the trading activities of company affiliates.
The filing also noted that Winmill & Co. is an affiliate of the registered investment adviser for the issuer, indicating a close relationship between the company and its investment activities. The transaction was signed off by Russell Kamerman on behalf of Winmill & Co. Incorporated.
As the market processes this information, investors and analysts alike will be watching to see how this insider transaction might align with the overall performance and future outlook of Bexil Investment Trust.
InvestingPro Insights
As Bexil Investment Trust (NYSE: BXSY) captures the attention of its affiliates with recent share acquisitions by Winmill & Co., it's important to look at the company's financial health and market performance. According to InvestingPro data, Bexil Investment Trust has experienced a revenue decrease in the last twelve months as of Q4 2023, with a -15.59% drop. This contraction is mirrored in the quarterly revenue growth for Q4 2023, which also fell by -15.71%. Despite these revenue challenges, the company maintains a gross profit margin of 100%, with its gross profit matching its revenue at 5.59M USD.
On the operational side, Bexil Investment Trust reported an adjusted operating income of 2.53M USD and an EBIT of the same amount for the last twelve months as of Q4 2023. Shareholders might take comfort in the company's dividend yield, which stands at a substantial 7.67% as of mid-2024, coupled with a notable 1-year price total return of 23.22%.
InvestingPro Tips highlight that understanding both the revenue streams and the profitability margins is crucial when evaluating a company's financial stability and growth prospects. Additionally, the dividend yield can be a significant indicator of the company's ability to generate cash flow and return value to shareholders. For more in-depth analysis and additional tips, investors can explore the full range of insights on InvestingPro, and can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. There are currently 5 additional InvestingPro Tips available for Bexil Investment Trust, offering a broader perspective on its financial outlook.
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